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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net loss $ (1,819) $ (15,085)
Adjustment to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 15,525 13,463
Deferred taxes 820 (175)
Stock-based compensation expenses 39,132 23,763
Share in loss (gain) of associated company (11) 11
Gain from change in fair value of Warrants (28,932) (23,397)
Transaction costs allocated to Warrants   5,087
Foreign currency re-measurement loss 3,015 1,290
Changes in operating assets and liabilities:    
Other current assets (10,825) (17,386)
Trade payables 8,753 106
Deferred revenue (30) 524
Accounts receivables (7,024) 5,247
CA extended to customers (145,424) (252,505)
CA collected from customers 163,266 271,302
Other payables 7,047 (3,542)
Other long-term liabilities (7,250) (4,354)
Operating lease right-of-use assets 7,862 7,006
Other assets 221 (567)
Net cash provided by operating activities 44,326 10,788
Cash Flows from Investing Activities    
Purchase of property, equipment and software (7,132) (3,820)
Capitalization of internal use software (10,209) (9,670)
Severance pay fund (contributions) distributions, net 504 (445)
Customer funds in transit, net 2,895 9,396
Net cash used in investing activities (13,942) (4,539)
Cash Flows from Financing Activities    
Proceeds from exercise of stock options 15,283 17,670
Outstanding operating balances, net 638,370 360,212
Redemption of redeemable preferred stock   (39,804)
Proceeds from Reverse Recapitalization, net   108,643
Proceeds from PIPE financing, net   280,185
Proceeds from related party facility, net 2,082  
Repayment of long-term debt   (40,025)
Net cash provided by financing activities 655,735 686,881
Effect of exchange rate changes on cash and cash equivalents (3,369) (1,350)
Net change in cash, cash equivalents, restricted cash and customer funds 682,750 691,780
Cash, cash equivalents, restricted cash and customer funds at beginning of the period 4,838,433 3,413,289
Cash, cash equivalents, restricted cash and customer funds at end of the period $ 5,521,183 $ 4,105,069